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eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.
CBEC to keep all offices Opened during the Last Week of March, 2013
Central Board of Excise and Customs (CBEC) has decided to keep open its field formation offices on 29th, 30th & 31st March 2013 as a trade facilitation measure and as part of revenue collection exercise. All the field formations have also been directed to issue trade notices for the information of the trade. Department of… Read More
TRAI seeks views on Fifth Amendment to the Telecom Mobile Number Portability Regulations 2009
The Telecom Regulatory Authority of India has issued draft amendment to the Mobile Number Portability Regulations for the consultation of the stake holders. Earlier, TRAI had issued the Telecommunication Mobile Number Portability Regulations, 2009 (8 of 2009) dated 23rd September, 2009 laying down the basic business process framework for implementation of mobile number portability in… Read More
TRAI releases Consultation Paper on Universal Single Number Based Integrated Emergency Communication and Response System
The Telecom Regulatory Authority of India (TRAI) has released a Consultation Paper on Universal Single Number Based Integrated Emergency Communication and Response System (IECRS) Most emergencies usually involve direct risk to health, life, property or environment and therefore require urgent intervention. Presently in India, different emergency communication & response systems are in place for police,… Read More
RBI Guidelines on Strengthening of Management Information System for Lead Banks Scheme
RBI/2012-13/450 RPCD. CO.LBS. BC. No. 68/02.01.001/2012-13 March 19, 2013 The Chairmen and Managing Directors SLBC Convenor banks/ Lead Banks Dear Sir, Lead Bank scheme - Strengthening of Management Information System (MIS) As you are aware that priority sector guidelines are being revised from time to time, the last major revision done in the year 2012.… Read More
Penal Interest Rates which are linked to the Bank Rate
RBI/2012-13/449 DBOD.No.Ret.BC.84 /12.01.001/2012-13 March 19, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect from March 19, 2013. 2. All penal interest rates… Read More
RBI instructions on Liquidity Adjustment Facility and Marginal Standing Facility
RBI/2012-2013/448 FMD.MOAG No. 77 /01.01.001/2012-13 March 19, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Madam / Sir, Liquidity Adjustment Facility and Marginal Standing Facility Please refer to Reserve Bank circulars IDMD.OMO No.08/03.75.00/2004-05 dated October 27, 2004, FMD.MAOG.No.13/01.01.001/2006-07 dated March 30, 2007 and FMD.No.59/01.18.001/2010-11 dated May 9, 2011. 2. As you may be… Read More
RBI’s Standing Liquidity Facilities for Banks and Primary Dealers based on new Repo rates
Standing Liquidity Facilities for Banks and Primary Dealers RBI/2012-13/446 MPD.BC.362/07.01.279/2012-13 Phalguna 28, 1934 (S) March 19, 2013 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Mid Quarter Monetary Policy Review: March 2013 dated March 19, 2013, in… Read More
RBI reduces Repo rates under the Liquidity Adjustment Facility by 25 basis points
RBI/2012-2013/447 FMD.MOAG. No. 76 /01.01.01/2012-13 March 19, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Madam / Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced today in the Mid-Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the… Read More
RBI publishes Working Paper Series : “Estimation of Counterfeit Currency Notes in India Alternative Methodologies”
The Reserve Bank today placed on its website a Working Paper titled Estimation of Counterfeit Currency Notes in India Alternative Methodologies under the RBI Working Paper Series. The paper has been written by Shri Sanjoy Bose and Dr. Abhiman Das. Counterfeiting poses increasing challenges to currencies all over the world, including India. Recent advances in… Read More
RBI releases Mid-Quarter Monetary Policy Review for March 2013
Monetary and Liquidity Measures Based on an assessment of the current macroeconomic situation, it has been decided to: ¢ reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect; Consequently, the reverse repo rate under the LAF stands adjusted… Read More
RBI presents Prudential norms on Advances to Infrastructure Sector
RBI/2012-13/445 DBOD.BP.BC.No. 83/08.12.014/2012-13 March 18, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Prudential norms on Advances to Infrastructure Sector In terms of our circular DBOD.No.BP.BC.125/21.04.048/2008-09 dated April 17, 2009 on ˜Prudential Norms on Unsecured Advances™ rights, licenses, authorization, etc., charged to the banks as collateral in respect of projects (including infrastructure projects) should not be… Read More
Copyright Rules 2013 to provide new rules for statutory and compulsory licences
The Copyright Rules, 2013 has been notified by the Copyright Division, Department of Higher Education, Ministry of Human Resource Development on 14th March, 2013. The amendments to the existing provisions of the Copyright Act, 1957 and introduction of new provisions under the Copyright(Amendment) Act, 2012, which came into the force on 21st June, 2012, necessitated… Read More
Customs Appointment of Common Adjudicating Authority
F.No.437/07/2011-Cus-IV Government of India Ministry of Finance (Department of Revenue) Central Board Excise & Customs New Delhi, dated the 14th March, 2013 ORDER In terms Notification No.15/2002-Customs (N.T.) dated 07.03.2002 ( as amended) issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notices mentioned in column (2),… Read More
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